Spanish Tax Authority,requires donors to apply capital gains tax in the IRPF on assets transferred in the operation that are not related to business activity. According to a resolution by The Central Economic Administrative Tribunal (TEAC) has upheld an approach that discourages the transfer of family businesses during the owner’s lifetime. According to a TEAC… Continue reading Tax advisor: The Central Economic-Administrative Court (TEAC) establishes criteria affecting family business succession
Tag: VAT
Tax advisor: Key changes in Spanish tax legislation in compliance with the EU Directive 2021/514
Law 13/2023, which amends the General Tax Law and other tax regulations in compliance with EU Directive 2021/514, establishes in its Final Provision 5th a new wording of the limitation rule for the deductibility of financial expenses in Article 16 of the Corporate Income Tax Law (LIS). This modification is carried out to align Spanish… Continue reading Tax advisor: Key changes in Spanish tax legislation in compliance with the EU Directive 2021/514
Tax advisor: Franchised VAT, is it all it seems?
2024 is shaping up to be the year when taxpayers under the simplified VAT regime and in objective estimation for income tax (IRPF) should start planning their transition and adapting to the recent tax regimes. For the past few months, the government and social agents have been discussing the implementation of European Directive 2020/285, which… Continue reading Tax advisor: Franchised VAT, is it all it seems?
Tax advisor: Is it possible to deduct VAT on services in a property partially used for business?
The deduction of VAT on water, gas, electricity and telephone services in properties used for both business and residential purposes was a controversial issue in tax matters. The Treasury and the General Directorate of Taxes had maintained a restrictive position in denying this deduction. However, a recent Resolution of the Central Economic-Administrative Court (TEAC) issued… Continue reading Tax advisor: Is it possible to deduct VAT on services in a property partially used for business?
Tax advisor: Do subsidies to intercity public transport affect the VAT taxable base?
The contested ruling concluded that when a public service is offered or an activity of general interest is carried out that does not have specific recipients identified in advance, but is aimed at the community in general, transactions subject to VAT are not generated because the legal link in which reciprocal supplies are exchanged is… Continue reading Tax advisor: Do subsidies to intercity public transport affect the VAT taxable base?
Tax advisor: Alava adapts its VAT and excise tax rules to the latest modifications in the common territory
In the Official Gazette of the Historical Territory of Alava of August 7, the regulatory decrees of fiscal urgency 3/2023 and 4/2023, issued by the Government Council on August 1, were published. These decrees modify the Normative Decree 12/1993 on Value Added Tax and the Normative Decree of Fiscal Urgency 1/1999 which regulates Special Taxes.… Continue reading Tax advisor: Alava adapts its VAT and excise tax rules to the latest modifications in the common territory
Tax advisor: Portals that sell NFTs must face VAT, not the creators
The Directorate General of Taxes imposes the VAT return on the electronic platforms intermediary in the sale of NFTs instead of on the artists who create them and use these portals for their commercialization. According to Tributos’ June 15 response to a query raised by a taxpayer, “digital art” services involving the sale of NFTs… Continue reading Tax advisor: Portals that sell NFTs must face VAT, not the creators
Tax advisor: Navarre extends VAT reduction on foodstuffs in 2023 due to conflict in Ukraine
On July 24, 2023, it has been made public in the Official Gazette of Navarra the enactment of the Foral Legislative Decree 4/2023, dated July 5, regarding tax harmonization. This decree establishes the extension of the reduction of the value added tax (VAT) rates applied to certain foodstuffs in the region. This measure was included… Continue reading Tax advisor: Navarre extends VAT reduction on foodstuffs in 2023 due to conflict in Ukraine
Tax advisor: Navarra has made changes to its VAT and Excise Tax regulations in order to harmonize them with those of the common territory.
Today, July 17, the Official Gazette of Navarra published in the Official Gazette of Navarra the FORAL LEGISLATIVE DECREE 3/2023, of June 21, on tax harmonization. With this measure, Navarre seeks to align its regulations on Value Added Tax (VAT) and Excise Duties with those of the common territory. It includes the amendments made at… Continue reading Tax advisor: Navarra has made changes to its VAT and Excise Tax regulations in order to harmonize them with those of the common territory.
Tax advisor: Are the invoicing services provided by the pharmaceutical association to certain members of the association, who pay a fee, exempt from VAT?
The plaintiff professional association was subject to inspections that led to the imposition of VAT and IS assessments for the years 2014 to 2017 (VAT) and 2013 to 2017 (IS). The Administration considered that the invoicing services provided by the Official College of Pharmacists to the members of the college owning pharmacy offices should be… Continue reading Tax advisor: Are the invoicing services provided by the pharmaceutical association to certain members of the association, who pay a fee, exempt from VAT?